Telecommunications providers will begin to roll out 5G this week. To make room, 3G devices will begin to disappear and 4G will be the new normal. Devices like Wearable Health Solutions, Inc.’s (OTCMKTS: WHSI) iHelp 4G MAX, launching this year will be highly sought after.
The PERS (Personal Emergency Remote Solutions) remote monitoring market looks poised for growth. QYR Research forecasts the PERS market will reach $12.3 billion by 2027, growing at a 6.92% CAGR from $7.7 billion last year.
Investors should consider WHSI stock on their Watch List because the Company is competing in a fragmented market with no true leading competitor.
WHSI’s quest to dominate the PERS market will be driven by the company’s recurring revenue. Fees the company collects from central monitoring systems.
Recurring revenue is a significant factor to WHSI, according to a late 2021 report by WallStreetResearch.org. WHSI, through wholly-owned subsidiary Medical Alarm Concepts, LLC., receives revenue through monitoring subscription plan fees.
WHSI works with 15 central monitoring stations and approximately 200 dealers. In the middle of last year, the Company reported some 8,000 end users plus an order book of about 2,000+ potential activations.
The Report concluded that WHSI “appears poised to experience unparalleled revenue growth over the next 12 to 24 months following the iHelp MAX 4G launch.”
As 4G plays a larger role in PERS, WHSI is also backed by a Reg A offering with $5 million to build and sustain its new 4G entry. WHSI projects full-year 2022 volume at $5.87 million.
Another catalyst is that the iHelp 4G MAX will be telehealth-ready. That is critical in the PERS industry’s future. Not only will it be capable of remote monitoring, but it will also plug into multiple devices and deliver vital signs in real-time. Technology and customer care differentiate WHSI from the rest of this ‘fragmented’ market
‘Telehealth’ is the key to the market. WHSI is readying its iHelp Next Generation Platform (NGP) to monitor vitals such as blood pressure and oxygen levels.
WHSI is developing a bio-sensor that can deliver vitals such as temperature, pulse and heart rate into a portal. Paired with peripherals, the iHelp 4G MAX is designed as a next-generation product.
It will have body-mounted sensors and artificial intelligence (AI). Fall detection and geofencing are other features. It features Wi-Fi, NFC (wireless data transfer) technology, and Bluetooth 4.0 Low Energy.
WHSI stands out with ‘smart’ remote monitoring products that have artificial intelligence (AI), Blue Tooth, Backend As A Service (Baas), IoT, Wi-Fi and Central Cloud Management.
In other words, the device will do more than transmit an emergency alarm for the user. It will also send medical personnel vital signs, such as heart rate.
Another advantage WHSI has on the competition is customer care. Recently hired Marc Cayle, VP of Innovation and Technology, says that the remote monitoring device industry suffers from a 33% attrition (return) rate. ‘White glove service’ that educates dealers and consumers can cut that number to single digits, Cayle says.
“4G will be the catalyst for companies like WHSI in the remote monitoring PERS industry,” Cayle comments. Telecommunications providers like AT&T are dropping 3G this month in favor of 4G and 5G.
The monitoring industry is measured as a $15 billion annualized business. It represents some 65% of the total mHealth (mobile healthcare) global market once seen reaching $23 billion annualized. The market is seen growing at a 61% CAGR by research firm Research and Markets.
Keep WHSI stock on your watch list as the Company integrates technology into its remote control monitoring products. For more information, go to wearablehealthsolutions.com
This sponsored article is part of an investor education program.
